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Risk and Uncertainity

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Ken Garrett.

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May 17, 2016 at 4:24 pm #315466
meaow01
Member
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While i was reading article “Risk and Uncertainity -Part 2”
i started to feel difficulty from -Value of imperfect information and then i didnt finish and was stuck here.further topics were Bayes Rule,Data Tables,Value at Risk.
How important and relevant are these topics from exam perspective ? say (very important,important,not important).Please Guide me.
May 18, 2016 at 7:08 am #315532
Ken Garrett
Keymaster
- Topics: 10
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I don’t think you need to worry about imperfect information or value at risk. P5 has a low enough pass rate without ACCA testing those.
A data table is just a pay-off matrix and that is needed fro minimax etc.
I don’t think you should spend long on Bayes either.
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